178 days ago • Posted by Martin Boujol

The Bitcoin/Oil ratio

Early 2020, you could buy around 100 barrels of Brent Crude with a Bitcoin. today, one of these coin will get you not less than 450 barrels. No big deal. Concededly, we might think of it the other way around: in terms of energy, how many barrels of oil does it take to mine an additional Bitcoin?

Source: Bloomberg

bitcoin and oil
bg_nwsletter